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HackerOne Joins Forces with Coalition to Bring Hacker-Powered Security to Cyber Insurance PolicyholdersSAN FRANCISCO, Feb. 13, 2018 /PRNewswire/ -- Coalition, the first technology-enabled cyber insurance solution, and HackerOne, the leading bug bounty and vulnerability disclosure platform provider, today announced a partnership to bring hacker-powered security and lower cyber insurance premiums to small and midsize businesses. Beginning today, Coalition policyholders can easily create a HackerOne vulnerability disclosure program using the HackerOne Response app now available within Coalition's cyber risk management platform. This app is available at no additional cost to all Coalition policyholders. HackerOne Response allows any company to receive and respond to vulnerabilities discovered by trusted hackers before criminals can exploit them. Coalition policyholders can also launch a bug bounty program and access other HackerOne services under the arrangement. Through the collaboration, any company with a vulnerability disclosure or bug bounty program is eligible for lower premiums on Coalition's Cyber and Technology Errors & Omissions insurance. Companies who already have a program in place and are publicly listed within the HackerOne Program Directory will receive the discount automatically upon applying for insurance coverage. Meanwhile, companies who are new to hacker-powered security can use the free HackerOne Response App available through Coalition to easily create a program and qualify for lower insurance rates. "Unknown security vulnerabilities pose serious rsk to companies and their customers," said Alex Rice, CTO and co-founder, HackerOne. "We are excited to partner with Coalition to help these organizations reduce their risk and premiums by engaging the friendly hacker community." "Technology vulnerabilities are among a company's greatest risk exposures, but are all too often discovered only after the damage has been done. By partnering with HackerOne, we're literally enlisting thousands of ethical hackers to protect our clients," said Joshua Motta, Founder & CEO of Coalition. "We founded Coalition because we believed that existing approaches to cybersecurity and cyber insurance were broken. This partnership is a first of its kind designed to reward organizations that use risk management tools like those provided by HackerOne." For more information about the partnership, read Coalition's blog; for more information on setting up a responsible disclosure program, read about five critical components of a vulnerability disclosure policy. About Coalition About HackerOne
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